Express by the Numbers

Apparel chain is latest to post sales decline

June 1, 2017

Express joined the cavalcade of apparel retailers posting sales declines, reporting that sales slid 7% for the fiscal first quarter ended April 29.


Comparable sales decreased 10%, compared to a 3% decrease in the first quarter of 2016. The same-store sales measure includes ecommerce sales, which rose a robust 27% to account for 21% of total sales. 

Company data

Express

Revenue and sales data, store productivity and more

But that means the physical store same-store sales decline would have been even more distinct, when stripping out digital sales.

However, like other retailers, Express noted that early part of the quarter was more of a struggle, and performance improved as the quarter went on. And those improvements have carried through to Q2. 

Below are some key data points drawn from the eMarketer Retail & Ecommerce database:

Store productivity: Express's average sales per store declined 10.3% in fiscal 2016, after rising 6.3% in fiscal 2015. Average sales per square foot were $310 in 2016, compared with $342 the prior year.

Real estate: As of Jan 28, 2017, Express operated 552 primarily mall-based retail stores and 104 factory outlet stores in 47 states and the District of Columbia, Canada and Puerto Rico, as well as 20 franchised stores in the Middle East, Latin America and South Africa.  In May, Express said it would shutter its 17 stores in Canada.